Automakers

Visteon lands record new business in 2017

Electronics supplier Visteon reported record new business gains in 2017 and a dip in sales in the fourth quarter resulting from discontinued operations and customer pricing.


Ousted Ford exec loses at least $5 million in bonuses

Raj Nair, ousted as Ford's president of North America, will lose a $5 million stock bonus given to him last year, as well as a number of other bonuses and awards.

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MORE OEM/SUPPLIER NEWS MANUFACTURING REGULATION/SAFETY
UPDATED: 2/22/18 9:22 am ET - adds links
Ford picks Kumar Galhotra to replace Raj Nair as North America chief

Ford tapped Kumar Galhotra, a company veteran who steered the Lincoln luxury brand back to respectability, to replace Raj Nair, who was ousted after an internal investigation uncovered "inappropriate behavior," as its president of North America.

Magna Q4 sales up on BMW, Jaguar launches

Canadian supplier Magna International reported stronger fourth-quarter profits and revenue, driven by more business in Europe and the launch of new cars for BMW and Jaguar.

UPDATED: 2/22/18 9:22 am ET -- adds Galhotra announcement
Raj Nair leaves Ford over 'inappropriate behavior'

Raj Nair, president of Ford in North America, has left the automaker after he was accused of "inappropriate behavior," Ford said. The company did not divulge the nature of Nair's behavior.

Audi to launch integrated toll collection

Audi said it will begin integrating automated toll payment technology into its vehicles in the United States this year that will allow drivers to pay tolls without the need for an additional device.

Volvo speeds up electrification with new V60 wagon

Volvo will accelerate its shift toward electrified models by offering its new V60 with two plug-in hybrid powertrains. US customers initially will be offered only the more powerful of the two: the T8 plug-in hybrid.


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